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- Tuesday, 27 January 2026: US equity markets advanced as investors eyed a busy week of fourth quarter results
- US equity markets advanced as investors eyed a busy week of fourth quarter results and the Federal Reserve’s first-interest rate decision of 2026 – Dow rose +314-points or +0.64%. Cisco Systems Inc (up +3.24%) was the leading component in the 30-stock index. Nvidia Corp eased -0.64% after investing US$2B in CoreWeave Inc (up +5.73%) stock, reflecting its "confidence in CoreWeave's business, team and growth strategy as a cloud platform built on NVIDIA infrastructure, “according to the world’s most valuable public company. Nvidia climbed +1.53% last Friday (23 January) after CNBC reported that Chief Executive Officer (CEO) Jensen Huang is planning to visit China in the coming days.
- Dow fell -285-points or -0.58% last Friday (23 January), with Goldman Sachs Group Inc down -3.75%
- Canadian Prime Minister Mark Carney said on Sunday (25 January) that his country has no intention of pursuing a free trade agreement with China, after President Trump threatened to impose 100% tariffs on Ottawa if it signed a trade deal with China. Meanwhile, President Trump said he was increasing tariffs on South Korean imports into the United States related to autos, lumber, and pharmaceuticals to 25%, while accusing the ally’s legislature of “not living up” to its trade deal with Washington.
7 min - Friday, 23 January 2026: US Markets Advance, Extending Previous Session GainsUS equity markets resumed trading after the holiday long weekend with steep losses, with the benchmark indies booking their worst single session performance since October as investors were spooked by fresh tariff threats from President Trump against Europe amid a dispute over control of Greenland - Dow fell -871-points or +0.55% International Business Machines (IBM) Corp (down -4.68%) and Nvidia Corp (-4.38%) both dropped over >4%, while American Express Co (-3.45%), Apple Inc (-3.46%), Amazon.com Inc (-3.4%), JPMorgan Chase & Co (-3.11%), Salesforce Inc (-3.04%) and Sherwin-Williams Co (-3.04%) all fell over >3%.6 min
- Wednesday, 21 January 2026: Steep Losses Upon Resumed Trading After the Holiday Long Weekend
- US equity markets resumed trading after the holiday long weekend with steep losses, with the benchmark indies booking their worst single session performance since October as investors were spooked by fresh tariff threats from President Trump against Europe amid a dispute over control of Greenland - Dow fell -871-points or +0.55% International Business Machines (IBM) Corp (down -4.68%) and Nvidia Corp (-4.38%) both dropped over >4%, while American Express Co (-3.45%), Apple Inc (-3.46%), Amazon.com Inc (-3.4%), JPMorgan Chase & Co (-3.11%), Salesforce Inc (-3.04%) and Sherwin-Williams Co (-3.04%) all fell over >3%.
- The broader S&P500 dropped -2.06% to book its steepest one-day decline since 10 October, with Information Technology (down -2.94%) and Consumer Discretionary (-2.82%) falling over >2.5% and leading ten of the eleven primary sectors lower. Consumer Staples (up +0.12%) was the only primary sector to settle in positive territory overnight. NetApp Inc (down -9.37%), Dell Technologies Inc (-7.45%) and Norwegian Cruise Line Holdings Ltd (-7.45%) all fell over >7%. Newmont Mining rallied +4.22%
6 min - US equity markets resumed trading after the holiday long weekend with steep losses, with the benchmark indies booking their worst single session performance since October as investors were spooked by fresh tariff threats from President Trump against Europe amid a dispute over control of Greenland - Dow fell -871-points or +0.55% International Business Machines (IBM) Corp (down -4.68%) and Nvidia Corp (-4.38%) both dropped over >4%, while American Express Co (-3.45%), Apple Inc (-3.46%), Amazon.com Inc (-3.4%), JPMorgan Chase & Co (-3.11%), Salesforce Inc (-3.04%) and Sherwin-Williams Co (-3.04%) all fell over >3%.
- Monday, 19 January 2026: US equity markets settled with modest losses on Friday (16 January) ahead of a holiday long weekendUS equity markets settled with modest losses on Friday (16 January) ahead of a holiday long weekend, with the benchmark indices hitting their session lows after President Trump delivered remarks in the White House in which the president said he’d rather have National Economic Council Director Kevin Hassett stay in his current role and that he might not be chosen to become the next Federal Reserve chair. Treasury yields climbed to a four-month high - Dow slipped -83-points or -0.17%
Salesforce Inc (down -2.75%) and UnitedHealth Group Inc (-2.34%) fell over >2%.
The broader S&P500 dipped -0.06%, with Health Care (down -0.84%) and Communication Services (-0.72%) leading five of the eleven primary sectors lower.
Real Estate (up +1.20%) sat atop the primary sector leaderboard.
Power providers Constellation Energy Corp (down -9.82%) and Vistra Corp (-7.54%) slumped following reports the Trump administration plans to shake up America's largest electricity grid.7 min - Friday, 16 January 2026: US equity markets climbed after two sessions of declines, underpinned by a rebound for bank stocks
- US equity markets climbed after two sessions of declines, underpinned by a rebound for bank stocks following a tough start to the week and renewed momentum in the artificial intelligence (AI) trade following a strong fourth quarter result from Taiwan Semiconductor Manufacturing Co (TSMC) Ltd - Dow rose +293-points or +0.60% Boeing Co (up +2.11%) and Nvidia Corp (+2.13%) both gained over >2%. However, International Business Machines (IBM) Corp dropped -3.59% and Salesforce Inc -2.52%.
- The broader S&P500 added +0.26%. Energy (down -0.91%) sat at the foot of the primary sector leaderboard. Health Care fell -0.58%, with Eli Lilly & Co down -3.76% after a Reuters report that the Food and Drug Administration (FDA) extended its review on the firm's weight-loss pill orfoglipron. A decision on the drug's approval is now expected 10 April, whereas it was previously slated for 28 March, according to Reuters. Meanwhile, Strive Compounding Pharmacy, one of the nation's most celebrated providers of compounded medications, has filed a federal antitrust lawsuit against pharmaceutical giants Eli Lilly and Danish peer Novo Nordisk (-3.45%), alleging a coordinated effort to suppress competition and limit patient access to lawful compounded GLP-1 medications. Boston Scientific Corp fell -3.91% after the company agreed to buy medical-devices maker Penumbra for US$14.5B. Utilities (up +1.04%) and Industrials (+0.93%) both rose ~1% to sit atop the primary sector leaderboard. James Hardie Industries Plc (up +1.87%) reaffirmed its guidance for the third quarter after the closing bell and announced that it will close its manufacturing facilities in Fontana, California, and Summerville, South Carolina, within 60 days, as part of a plan to optimise its North American manufacturing footprint.
7 min - US equity markets climbed after two sessions of declines, underpinned by a rebound for bank stocks following a tough start to the week and renewed momentum in the artificial intelligence (AI) trade following a strong fourth quarter result from Taiwan Semiconductor Manufacturing Co (TSMC) Ltd - Dow rose +293-points or +0.60% Boeing Co (up +2.11%) and Nvidia Corp (+2.13%) both gained over >2%. However, International Business Machines (IBM) Corp dropped -3.59% and Salesforce Inc -2.52%.
- Wednesday, 14 January 2026: Financial stocks weighed on US equity markets following warnings about potential changes to lending policy
- Financial stocks weighed on US equity markets following warnings about potential changes to lending policy, with the Dow and S&P 500 pulling back from record highs as the fourth quarter earnings season got underway and investors digested the latest inflation data - Dow fell -398-points or -0.80% Salesforce Inc shed -7.07% and was the worst performer in the 30-stock index following an update to its virtual assistant Slackbot feature in Slack. Visa Inc fell -4.46%
- The broader S&P500 eased -0.19%. Financials (down -1.84%) led just four of the eleven primary sectors lower. Energy (up +1.53%) was the leading primary sector performer overnight following fresh gains on crude markets, with Exxon Mobil Corp rising +2.02% to US$126.50 and booking its first record closing high since 7 October, 2024. Moderna Inc soared +17.02% to be the leading S&P500 component after CEO Stéphane Bancel revealed a raised 2025 sales forecast at the J.P. Morgan Healthcare Conference. "We should land around the US$1.9 billion of sales for the year, which is $100 million better than the midpoint" of Moderna's prior guidance of $1.6B to $2.0B, Mr Bancel said
7 min - Financial stocks weighed on US equity markets following warnings about potential changes to lending policy, with the Dow and S&P 500 pulling back from record highs as the fourth quarter earnings season got underway and investors digested the latest inflation data - Dow fell -398-points or -0.80% Salesforce Inc shed -7.07% and was the worst performer in the 30-stock index following an update to its virtual assistant Slackbot feature in Slack. Visa Inc fell -4.46%
- Monday, 12 January 2025: Dow and S&P500 booking fresh record closing highsUS equity markets advanced on Friday (9 February), with both the Dow and S&P500 booking fresh record closing highs - Dow rose +238-points or +0.48% to book a record closing high of 49,504.07, with Home Depot Inc (up +4.19%) the leading performer in the 30-stock index, while Boeing Co (+3.14%) and Sherwin-Williams Co (+3.59%) gained over >3%.
The broader S&P500 gained +0.65% to a fresh record closing high of 6,966.28 after touching a record intra-day peak (6,978.36).
Materials (up +1.80%) leading nine of the eleven primary sectors higher on Friday (9 January). Vistra Corp (up +10.47%) was the leading S&P500 performer, while Oklo Inc rose +7.90% after Facebook and Instagram parent Meta Platforms Inc (+1.08%) announced it had inked "landmark agreements" with the companies and privately held TerraPower to power its artificial intelligence (AI) projects.6 min - Tuesday, 23 December 2025: Third Consecutive Session of Gains for US Markets
- US equity markets advanced for a third consecutive session to open the holiday-shortened week - Dow rose +228-points or +0.47%, with Merck & Co (up +3.59%) the leading performer in the 30-stock index. Honeywell International fell -1.58% after the aerospace and industrial-automation company lowered its full-year earnings outlook and updated investors on its expectations surrounding the Flexjet lawsuit. Nike Inc -2.54%.
- The broader S&P500 gained +0.64%, with Materials (up +1.35%), Financials (+1.25%), Industrials (+1.11%) and Energy (+1.08%) all rising over >1% to lead ten of the eleven primary sectors higher. Consumer Staples (down -0.41%) was the only primary sector to settle in the red.
5 min - Friday, 19 December 2025: Tech Names Drive a Stronger Overnight US MarketUS equity markets were stronger overnight – Dow rose 0.14% driven by tech names Amazon up 2.4%, Nvidia up 1.8%, Microsoft up 1.65%, and Cisco 1.52%.
The broader S&P500 advanced 0.79% on the back of a lower-than-expected CPI report. Memory and storage names Sandisk Corporation, Western Digital and Seagate Technology were three of the top performers, up 6.1%, 5.26% and 5.17% respectively. The rally due to Micron Technology’s strong result and their outlook for AI-driven memory demand.7 min - Thursday, 11 December 2025: Wall Street’s Late Surge: Fed Signals and Big Bank MovesUS equity markets rallied late in the session as investors digested the latest monetary policy pronouncements from the Federal Reserve - Dow rallied +497-points or +1.05%, with 26 of the 30 index components advancing. JPMorgan Chase & Co rebounded +3.19% after dropping -4.66% in the previous session after Marianne Lake, the investment bank’s Chief Executive Officer (CEO) of Consumer & Community Banking, disclosed higher-than-expected expense projections of US$105B for next year (versus current consensus forecasts of US$101B) at the Goldman Sachs Group Inc (up +1.44%) U.S. Financial Services Conference and said that she "would characterize the environment as being a little bit more fragile." American Express Co (+3.2%), Caterpillar Inc (+3.53%) and Nike Inc (+3.88%) also all rose over >3%.6 min
About Morgans AM
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A daily bulletin featuring an overnight sharemarket summary and economic news from across the globe, broadcast in the Morgans studio before the Australian stock market opens each morning.
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